Tex. Fin. Code § 371.154 · Subchapter D. OPERATION OF PAWNSHOPS
INSURANCE AND BOND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A pawnbroker shall maintain general liability and fire insurance:
(1) in a reasonable amount and form required by the commissioner; and
(2) sufficient to protect pledged goods, including jewelry, at the pawnshop.
(b) A pawnbroker shall secure a bond:
(1) in the amount, not to exceed $5,000, required by the commissioner;
(2) in the form required by the commissioner; and
(3) conditioned on compliance with this chapter and rules adopted under this chapter.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 801, Sec. 6, eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.371.htm
- Text hash
- sha256 e11bd94637aa5a2fe39da4492b754587d8f665afacb05b85658633145903fc3d
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.